subject: 5 Things To Be Aware Of Before Buying Dog Insurance [print this page] Before you go about buying a pet insurance policy, you need to do a great deal of research, because failing to do so might cost you a lot of money in the long run.
Here are some important information that you need to consider before you spend hundreds and sometimes thousands of dollars on a policy for your cat or dog.
All-inclusive Policies
While it might be very tempting to buy an all-inclusive policy, oftentimes a basic pet policy that only covers accidents and illnesses is the best value.
Comprehensive policies usually cover things like spays and neuters that the pet only needs once in a lifetime. Which is why these policies might not be such a good deal.
Beware of Pre-existing Conditions
Almost all companies exclude covering pre-existing conditions. This is why you should not wait until your pet gets sick before seeking out policy coverage.
Companies have these policies in place to prevent pet owners from taking unfair advantage of their coverage policies.
Filling Out Forms Yourself
Unlike human health insurance, pet owners have to fill out the forms and submit claims themselves. The veterinary clinic does not do this, although they can provide assistance if needed.
Age Cutoff
Normally pet insurance companies will only ensure pets that are older than two months of age, and younger than 7-10 years of age. Although this can vary greatly by company, it is something to keep in mind if you have an older pet.
Adding Up the Costs
Before signing up for the low monthly premium policy, it is important to add up how much you estimate spending on pet insurance over the years.
For example, if you have a dog that lives to be seven years of age, and your monthly premium is $45 a month, it will add about $3780 to the cost of owning a pet over its lifetime.
So keep these factors in mind before you buy a dog insurance policy. Doing so can end up saving you thousands of dollars.
by: Luke Blaise.
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